Unemployment numbers

[QSTA]

Originally Posted by dtc

I've been in business for myself since 1993. I did everything wrong at least once and many things for years. I could tell you a freaking nightmare story about what the state of Florida considers "gross revenue" for the sake of sales tax collection and how that definition is contrary to what they teach in business school. Pair it with the bracket sales tax collection method and the way in which you compute what you're supposed to repay and you've got an accountant/business owner's nightmare, but that's not the point.

If you're worried more about the possible tax consequences of a potential future tax increase to the top marginal bracket I'll suggest two things:

1. Congratulations. You're doing very well for a young guy in a new business.

2. Stop it. Base your hiring and other expansion considerations on the potential to increase your net profits. There is absolutely no reason a logical business owner would refrain from making an extra dollar due to what might happen to the top marginal tax bracket in the future.

Carry on.

True.

Little off topic, but what should a business owner do in regards to future tax increases due to Obamacare? Fines/Taxes imposed by Obamacare do not rely on profit/income, only on employment levels.

We've discussed this before, but with the 50 employee threshold and Obamacare, many small business owners fear the tax increase coming down the pipeline in 2014.

I've just closed a deal to purchase an ancillary business, which will increase my payroll by 4 employees. My employee count now stands at 44, and I'm in the process of looking for 2 more salesman, bringing my total to 46 by the end of the summer. I'm inching my way towards 50.

Think about this.... i'm at 49 employees, and the ancillary business brings 75k to the bottom line, but the tax that is imposed at 50 employees due to Obamacare is 60k (2k-3k fine for each employee over 30 if 1 employee purchases insurance from the health exchange). Why should I spend the capital for only 15k worth of revenue?

You're smart...people do worry about the possible tax consequences of a potential future tax, and taxes play a part in hiring.

[Superfan]

Originally Posted by dtc

You do realize that the taxes my ancestors paid is what set up the system and rules that allowed yours to come here and, in fact, codified the very things you say they came for, right? You have to also realize that the majority of your tax dollars are not going to subsidize the lowlife welfare leaches you hold in such low regard, right?

We all know your parents came here to work hard and prosper and that they didn't want to live a meager existence in Cuba beholden to the state and in jeopardy of unbelievable harshness for even thinking of speaking or acting out. They made a huge sacrifice to come here to provide you with a better opportunity, but that sacrifice was entirely possible because of the money that we tax payers send each day to the US Federal Government.

To think otherwise is silly because the roads and bridges and the very dock or airport your family arrived at was funded by the rest of the nation's taxes. The schools you attended were on land granted properties and funded by federal taxes. The security and armed forces, police, fire and teachers are all part of a system that cannot be and should not be judged based on your personal mistaken belief that all your tax money goes for welfare queens' cadillacs.

You know immigration was if you get here you are an American right at the turn of the 20th century. It changed because jobs were the immigrants motivation. Now we can't have that system because of welfare. However the government's point is to do things that the population cannot do themselves and to protect private property. Military etc... Louisiana is trying to privatize schools now which will be interesting to see. I figure a wise businessman could comprehend that the government is not the answer for everything. I enjoy reading about the wonderful perfect spending with no waste that they do. Krugman said a billion dollars isnt much. Well give me a billion then. These are the individuals who think government is the answer. How many things have the government got right? FEMA? Post Office? Military? You know the 4 ways of spending money. My money on myself. My money on someone else Your money on myself. Your money on someone else. How about you give me your money and trust me with it. I think all companies should fail and not be bailed out like they were in 2008. Also how can we keep paying for programs and we are broke? The entire wealth of the 1% can't even pay it off.

[dtc]

Originally Posted by QSTA

True.

Little off topic, but what should a business owner do in regards to future tax increases due to Obamacare? Fines/Taxes imposed by Obamacare do not rely on profit/income, only on employment levels.

We've discussed this before, but with the 50 employee threshold and Obamacare, many small business owners fear the tax increase coming down the pipeline in 2014.

I've just closed a deal to purchase an ancillary business, which will increase my payroll by 4 employees. My employee count now stands at 44, and I'm in the process of looking for 2 more salesman, bringing my total to 46 by the end of the summer. I'm inching my way towards 50.

Think about this.... i'm at 49 employees, and the ancillary business brings 75k to the bottom line, but the tax that is imposed at 50 employees due to Obamacare is 60k (2k-3k fine for each employee over 30 if 1 employee purchases insurance from the health exchange). Why should I spend the capital for only 15k worth of revenue?

You're smart...people do worry about the possible tax consequences of a potential future tax, and taxes play a part in hiring.

Having nowhere near 50 employees and knowing that even when hurricanes hit I won't have that many, I've never considered it. Personally, I use a leasing company so I'm technically in a co-employer arrangement and have been for years. The leasing company has more than 50 and they don't seem to be worried about the penalty.

Are you not providing insurance currently? Being one of those who would and does when I can and when it's affordable I'd take it on the chin. I've also heard that using the exchange would allow you to save money if you're already providing coverage, but I don't know.

Purchasing the other company and maintaining it as a separate entity would seem to be one way to avoid the penalty.

[V Chip]

Originally Posted by dapperdan

When you say it was a big compromise in the first place, which aspects of the bill were a compromise? And a compromise between whom?

It was designed/supposed to be a response against the 2008 meltdown and protect against that happening again. That was what the call for financial regulation/reform was for. It does almost nothing to what is was supposed to be about, mostly because pols don't want to bite the hands of their benefactors and the broad-brush painting of all regulations as bad by the Tea Party.

If there is a huge salmonella outbreak in large part because of poor food preparation regulation and there is an outcry for regulations to protect the population from it happening again, and the final result is something that puts some regulations in place but does little to actually help stop future nearly-identical outbreaks because politicians are loathe to cross their donors and a group actively fights any regulations at all, I call the final bill a compromise. More accurately it is a failure but more so because the original intent was abandoned in the hopes of getting something passed, even if it is mostly useless.

Originally Posted by dapperdan

As I see it, the bill was written precisely as it was intended to be written.

That can be said about any bill -- if it gets passed, it does exactly what it was supposed to do -- but that is politically naive.

[DJA101]

http://huelskamp.house.gov/index.php...press-releases

[dtc]

God, have mercy on us if this is the level of understanding our citizens have of statistics and facts.

[DJA101]

Well help me out.....SHOW ME THE FACTS

[6stringslide]

Originally Posted by dtc

God, have mercy on us if this is the level of understanding our citizens have of statistics and facts.

Almost word for word what I thought



















The night Obama was elected.

[wcklink]

Originally Posted by FuzzyDunlop

Good old trickle down economics, still going strong.

Let's see. He relates a real story about employee healthcare cost and you spit out a cliche'. What is your real world experience in making payroll and understanding the burdened cost of hiring that additional employee and the effect of additional taxation? My guess is zero.

[FuzzyDunlop]

Originally Posted by wcklink

Let's see. He relates a real story about employee healthcare cost and you spit out a cliche'. What is your real world experience in making payroll and understanding the burdened cost of hiring that additional employee and the effect of additional taxation? My guess is zero.

Let's see. I see you in here daily spouting all kinds of nonsensical garbage about what a terrible job the president is doing, but I wasn't aware that you were intimately familiar with everything that his job entails.

What real world experience do you have in running the country as President of the United States? My guess is zero.

[dapperdan]

Originally Posted by FuzzyDunlop

Let's see. I see you in here daily spouting all kinds of nonsensical garbage about what a terrible job the president is doing, but I wasn't aware that you were intimately familiar with everything that his job entails.

What real world experience do you have in running the country as President of the United States? My guess is zero.

Maybe he's just channeling President Clinton...

Bill Clinton calls Obama
Bill blockbuster: O’s an ‘amateur’

Bill Clinton thought so little of President Obama — mocking him as an “amateur” — that he pressed his wife last summer to quit her job as secretary of state and challenge him in the primaries, a new book claims,

“Barack Obama,” Bill Clinton said, according to book excerpts, “is an amateur.”

“The economy’s a mess, it’s dead flat. America has lost its Triple-A rating . . . You know better than Obama does,” Bill said.

Obama, Bill Clinton said, “doesn’t know how to be president” and is “incompetent.”

Then again, what real world experience does Bill Clinton have in running the country as President of the United States? Oh, my bad...Two terms.

[V Chip]

.

Originally Posted by dapperdan

maybe he's just channeling president clinton...

bill clinton calls obama
bill blockbuster: O’s an ‘amateur’

.

bill clinton’s spokesman matt mckenna said the excerpts were “totally and completely false” and called klein “a known liar.”

.

[dapperdan]

Originally Posted by V Chip

.
.
.

So let's see...

Joe Klein authors the definitive book on Bill Clinton's 1992 Campaign, Primary Colors. He's a lifelong shill for Clinton.

And now Klein is granted access for a new book, which eyes Obama through a very Clinton-like lens, is suddenly a "known liar"; and you actually believe it? So Clinton is granting access for "known liars" who are writing books that will include Clinton?

Or do you know all this (and I suspect you do) and you're simply being disingenuous.

Reality is, what you're quoting is nothing more than necessary political cover...since Dems hinge on Clinton's every word, Clinton can't go public and be on the record with his disdain for Obama and risk blowing his God-like status amongst the Democrats. I know it, you know it. Hence, "Klein is a liar"...is simply needed political cover for Clinton.

[V Chip]

Originally Posted by dapperdan

So let's see...

Joe Klein authors the definitive book on Bill Clinton's 1992 Campaign, Primary Colors. He's a lifelong shill for Clinton.

And now Klein is granted access for a new book, which eyes Obama through a very Clinton-like lens, is suddenly a "known liar"; and you actually believe it? So Clinton is granting access for "known liars" who are writing books that will include Clinton?

Or do you know all this (and I suspect you do) and you're simply being disingenuous.

Reality is, what you're quoting is nothing more than necessary political cover...since Dems hinge on Clinton's every word, Clinton can't go public and be on the record with his disdain for Obama. I know it, you know it. Hence, "Klein is a liar"...is simply needed political cover for Clinton.

Wow. You really are that far gone.

You accuse me of being disingenuous -- deliberately misleading -- and invent this entire "necessary cover" (aka, they are also lying) spiel, then throw all this political subterfuge and conspiracy about Clinton's disdain for Obama to cover your own myopic disdain for Obama.

And all of this you will willingly believe because it is what you WANT to believe so badly that you completely confused Joe Klein (who you talk about above) with Edward Klein, the guy who wrote the recent book about Hillary Clinton and to whom the "known liar" quote is directed and whose previous work on Hillary Clinton received these remarks:

strewn with serious factual errors, truncated and distorted quotes, and the overall themes don't gibe with any other serious accounts of Clinton's life
-- Politico

This is one of the most sordid volumes I've ever waded through. Thirty pages into it, I wanted to take a shower. Sixty pages into it, I wanted to be decontaminated. And 200 pages into it, I wanted someone to drive stakes through my eyes so I wouldn't have to suffer through another word.
-- conservative columnist John Podhoretz

is poorly written, poorly thought, poorly sourced and full of the kind of loaded language that is appropriate to a polemic but not an investigative work
-- Peggy Noonan

Who's being disingenuous now?

[dapperdan]

Originally Posted by V Chip

Wow. You really are that far gone.

You accuse me of being disingenuous -- deliberately misleading -- and invent this entire "necessary cover" (aka, they are also lying) spiel, then throw all this political subterfuge and conspiracy about Clinton's disdain for Obama to cover your own myopic disdain for Obama.

And all of this you will willingly believe because it is what you WANT to believe so badly that you completely confused Joe Klein (who you talk about above) with Edward Klein, the guy who wrote the recent book about Hillary Clinton and to whom the "known liar" quote is directed and whose previous work on Hillary Clinton received these remarks:

Who's being disingenuous now?

Well, let's review the evidence...

- From Clinton's perspective, Obama pulls the Race Card on Bubba in the 2008 S. Carolina primary. Do you really believe that Bill is willing to forgive and forget? Not on your life, it's payback time for Bill. He's been politely waiting in the weeds for the last four years, now he's striking back.

- We've got the narrative writer of Clinton's first campaign. I may share the disdain for Klein, personally, I really don't like the guy. He's a smarmy, arrogant SOB of the first order. But the issue isn't whether I like the guy, or what Roger Simon at Politico thinks, the guy (Simon) creams all over himself in his defense of Obama (on a virtual daily basis), take a look at today's defense of Obama/disdain for Clinton (apparently for Clinton's hutzpah at challenging Obama's core competency, which, btw, I've challenged as you know from Day 1). Bill Clinton out of control on 2012 - Roger Simon - POLITICO.com Bill Clinton out of control on 2012...or what Peggy Noonan or Podhoretz believes about Klein...

The issue is: if Klein is such a "known liar", why does Clinton give him continued access? The narrative just doesn't add up. You know it, I know it. You may not want to believe, and you might try not to believe it because it disrupts the kumbaya, Obama is universally loved savior, forever chiseled into the We Can Raise The Oceans moment etched into the mind of all liberals. But the truth is: all that was BS. All of it. And we're seeing it play out right now.

Clinton knows this and is doing his best to navigate the cross-currents.

It's tough to admit when the most successful President of one's party in a generation stealthily repudiates the current President. It's not fun, but that's precisely what is occurring.

If you really, honestly believe that Clinton was misquoted, and actually is a strong supporter of Obama, then I apologize for saying your remarks were disingenuous. Instead, I will offer a Paypal account you can send funds to in order to support a Libyan widow that simply needs $20,000 US in order to get $20,000,000 out of a frozen escrow account that she'll split with you 50/50, the details are all in an email I received recently, you'd be a much better prospect for the widow than I.